Goldman: Diesel Prices Set to Stay High Through 2027 as Refineries Struggle to Meet Demand
21 Articles
21 Articles
Bad news for drivers: diesel could remain expensive by 2027. Refineries fail to keep pace with demand, and reprocessing stocks puts even more pressure on prices.
The prices of diesel could remain high throughout 2027, as the overall refining capacity is insufficient to cover the recovery of demand and the recovery of depleted stocks, according to a Goldman Sachs analysis, reports CNBC.
Trump's challenge: More crude, same high diesel prices – Hormuz flows and US output may not help
Diesel prices are set to remain elevated in the US and globally through 2027, Goldman Sachs warns.Even as some crude continues to flow through the Strait of Hormuz and US oil production hits a record 13.95 million barrels per day, that doesn’t...
The bank projects that the margins of diesel and aviation fuel will average more than US$ 40 per barrel next year, more than double its usual level, even with a Brent stabilized around US$ 80.
Goldman Sachs warns that diesel prices could remain high through 2027 as refiners struggle to keep up with renewed demand as governments and companies replenish depleted stocks.
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